Toshiba Signs Major Contract for Hydro Power Generators for Colombia

DENVER--(BUSINESS WIRE)--Toshiba International Corporation (TIC) today announced that it has signed a major contract to supply three 324MVA hydro power generators to Isagen S.A. E.S.P., a leading Colombian power generation company, in partnership with Mitsui & Co. Plant Systems Ltd. The generators will be installed at the Sogamoso hydro power plant in Santander state.

Toshiba is the world's leading developer and supplier of hydro power generator technology, and has already supplied a total of 35 generators to Colombia. The new units are the largest capacity generators Toshiba has yet supplied in the Colombian market and will arrive on site at Sogamoso by January 2012. The plant will be commissioned by the end of 2013.

The Columbian power market is expected to see a 3,000MW increase in generating capacity over the next decade, driven by strong economic growth. Colombia is rich in water resources and 80% of the increased capacity, approximately 2,400MW, is expected to come from expanded use of hydro power⁽¹⁾, making it the largest single energy sources. In order to support execution of the Sogamoso project and to seek to secure further orders for hydro power business, TIC opened a new office in Colombia this January.

TIC was established in the U.S. in 1967 to promote Toshiba's power plant systems and industrial equipment business in North America. The company has a wealth of experience in hydro power equipment, and has so far delivered a total of 33 turbines and 55 generators in the U.S. and Canadian markets. TIC is now seeking leadership in supplying equipment for the many hydro plant refurbishment projects being initiated in North America, and is also intensifying expansion into new markets, including the promising markets of South America.

Hydro power generation is the world's most widely used renewable energy resource. In terms of energy strategy and achieving an optimized energy generation mix, stable output and operating costs, Toshiba recognizes hydro power generation as equal in importance to nuclear and thermal power, including geothermal energy. Toshiba will aim to secure further contracts and to enhance its business in key markets with strong demand for hydro power systems, including North and South America, India and Southeast Asia.

⁽¹⁾ Source: Toshiba, February 2010

About the Project
Project name:	Sogamoso Power plant
Ordering party:	Isagen S.A. E.S.P., Colombia
Location:	Santander state, Colombia
Supplied by Toshiba:	3 x 324MVA hydro power generators